Nigeria is ranked 131 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Nigeria improved to 131 in 2019 from 146 in 2018.

Ease of Doing Business in Nigeria averaged 143.92 from 2008 until 2019, reaching an all time high of 170 in 2014 and a record low of 120 in 2008. This page includes a chart with historical data for Ease of Doing Business in Nigeria. Ease of Doing Business in Nigeria - values, historical data and charts - was last updated on June of 2020. source: World Bank

Ease of Doing Business in Nigeria is expected to reach 155.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ease of Doing Business in Nigeria is projected to trend around 155.00 in 2021, according to our econometric models.

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Ease of Doing Business in Nigeria

Actual Previous Highest Lowest Dates Unit Frequency
131.00 146.00 170.00 120.00 2008 - 2019 Yearly

Nigeria Business Last Previous Highest Lowest Unit
Business Confidence 6.60 26.60 41.10 -29.00 points [+]
Industrial Production 25.10 3.40 25.10 -20.40 percent [+]
Manufacturing Production -1.90 2.90 24.60 -7.00 percent [+]
Internet Speed 3853.93 4129.28 4129.28 348.64 KBps [+]
IP Addresses 209207.00 194830.00 244394.00 29604.00 IP [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 42.40 51.10 61.10 41.90 points [+]
Mining Production 0.10 18.00 48.20 -34.10 percent [+]
Services Pmi 25.30 49.20 62.30 25.30 points [+]
Crude Oil Rigs 16.00 21.00 23.00 3.00 [+]
Ease of Doing Business 131.00 146.00 170.00 120.00 [+]
Changes In Inventories 146696.36 78347.13 178909.34 32488.05 NGN Million [+]
Competitiveness Index 48.33 47.53 48.33 3.37 Points [+]
Competitiveness Rank 116.00 115.00 127.00 94.00 [+]
Composite Pmi 37.10 53.80 59.10 37.10 points [+]
Capacity Utilization 55.00 54.60 60.50 48.50 percent [+]
Corruption Index 26.00 27.00 28.00 6.90 Points [+]
Corruption Rank 146.00 144.00 152.00 52.00 [+]


Ease of Doing Business in Nigeria
The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses.